Brickblock is a trading platform which allows holders of cryptocurrencies to invest in real estate and exchange-traded funds (ETFs) without requiring them to exchange their digital asset into fiat currency.

The platform also enables direct investment into both active and passive coin (i.e. cryptocurrency) funds.

The companies said the partnership offers new kinds of collateral for ETHLend platform users and increases the scope of Brickblock’s tokenized assets. Tokenization is the process of converting rights to an asset into a digital token on a blockchain.

They claimed tokenizing real-world assets such as real estate results in a strong collateral that can be expected to keep its value for a short to medium time period.

The partnership offers an opportunity for people to collateralise their property with Brickblock and then use it to secure their loan. They do not have to sell their assets to get liquidity.

If the loan defaults and the lender receives the collateral, it can be sold on the Brickblock platform.

In December 2017, Brickblock intends to sell the first tokenized real estate building on the blockchain by issuing Proof of Asset (PoA) tokens.